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2024 data HMDA 2024 disclosure official source

Essex County

23,571 mortgage applications, 20.3% denial rate. Verify FIPS 34013 with U.S. Census Bureau →

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New Jersey · FIPS 34013

Local mortgage market. Essex County, New Jersey saw 23,571 HMDA-reported mortgage applications in 2024. Lenders originated 10,414 of those loans and denied 4,791, producing a denial rate of 20.3% and an approval (origination) rate of 44.2%. The average loan amount was $497,775 at an average note rate of 7.44%, with applicants self-reporting average annual income of $40K. 392 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 12.4x, meaning typical borrowers took on mortgages of about 12.4 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 34013 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

23,571
Applications
10,414
Originated
20.3%
Denial Rate
44.2%
Approval Rate
$497,775
Avg Loan Amount
7.44%
Avg Interest Rate
$40K
Avg Applicant Income
12.4x
Loan-to-Income Ratio

Nearby Lenders in Essex County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 544 5.2%
2 CBNA Year to Date 473 4.5%
3 Crosscountry Mortgage, LLC 468 4.5%
4 United Wholesale Mortgage 464 4.5%
5 Guaranteed Rate, INC. 440 4.2%
Compare Rocket Mortgage vs CBNA Year to Date →

Frequently Asked Questions

How many mortgage applications were filed in Essex County?
In the 2024 HMDA reporting year, 23,571 mortgage applications were filed in Essex County, New Jersey. Of these, 10,414 were originated (approved and funded), while 4,791 were denied, resulting in a denial rate of 20.3%.
What is the mortgage denial rate in Essex County?
The mortgage denial rate in Essex County is 20.3%. The approval (origination) rate is 44.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Essex County?
The average mortgage loan amount in Essex County is $497,775. The average interest rate is 7.441%. The average applicant income is $40K.
What is the loan-to-income ratio in Essex County?
The average loan-to-income ratio in Essex County is 12.4x, meaning borrowers took on loans averaging 12.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Essex County?
The top mortgage lenders in Essex County by origination volume are Rocket Mortgage, CBNA Year to Date, Crosscountry Mortgage, LLC. In total, 392 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.